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CSPAN
Dec 4, 2012 7:00am EST
in on these fiscal cliff talks. here is "the new york times" -- in the "financial times" this morning -- roger altman writing today in "the financial times." president obama will be meeting with several governors today at the white house to talk about the fiscal cliff. they will be meeting this morning around 10:00 a.m. eastern time, and then the governors are slated to hold a news conference at around 11:30 a.m. eastern time. go to our website for more details. washington insiders tackle fiscal cliff policy solutions. the group will hold a roundtable discussion today on the importance of reform to address the nation's debt and deficit spending this event takes place this morning around 8:30 a.m. eastern time. go to our website for all our coverage of the fiscal cliff talks. we have a web site set up so you can follow along on our special page for these fiscal cliff talks. back to your phone calls. good morning, doris. caller: good morning. the plan that the republicans offered, this is just the romney-ryan plan that the american voters said no to. other than destroying our earned benefit, i do not c
CNN
Nov 29, 2012 2:00am PST
. >> he said america can't afford itself right now the way we're going. fiscal cliff talks today continue with geithner making the rounds on capitol hill. later this morning, third quarter gdp expected to be revised higher. economists expect gdp for july to september to be revised from 2% to 2.8%. that would be good news. this is still modest growth. everyone hopes that next year will be a better year than this one in terms of growth. you want to see more than 2.5% growth consistently. >> i will say amen to that. >>> if at first you don't succeed, coming up, south korea trying to launch another rocket. find out how it went this time. >>> and if you are leaving the house now, watch us any time on your desk top or your mobile phone, just go to cnn.com/tv. a , try running four. fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. but when i was in an accident... i was wo
CNN
Nov 28, 2012 9:00pm PST
don't want to get clinical or partisan, or even talk about this ridiculous phrase "fiscal cliff," just in your dealings with the financial issues for the last 30 or 40 years, what is your view about taxation, generally. doesn't america suffer when taxes are slightly higher in terms of economic prosperity? or is that just a bit of a myth? >> well, i think there are a lot of theories running around out there. and i have the formal education, and finance degree so i studied economics like a lot of us did. i was formally taught, the proper way is that way. that seems to be the direction of the obama administration, the idea to raise taxes. and the government control the reinvestment interest the economy. really, there is not much evidence that that has worked. it didn't work under obama or bush, even an argument it didn't work under fdr, which is where it came from. that probably world war ii bailed us out of the economic slump, probably called the great depression, rather than that. i am a sophisticated guy, i don't have a lot of sophisticated looks on things. i just know that i have 350
CSPAN
Dec 6, 2012 7:00am EST
're going to have a look at republicans and the fiscal cliff negotiations with radio talk-show host and columnist armstong williams. that is coming up next as we continue the "washington journal." ♪ >> why a writers institute? i think it is very important within the culture. we are a culture of words, of voices. words are key to our imagination, our capacity to envision things. we ourselves are not completely tied to print on the page. but i think that there is no other art form so readily accessible other than perhaps -- but it is something -- there is something in literature that captures the humans. . >> this weekend, we look behind the scenes at the history and literary life of new york's capital city, albany, on c-span to and it c-span3. span3.c- [bell rings] >> this weekend on c-span3, follow harry truman's eldest grandson to hiroshima. >> everybody has their own view of what happened. survivalant to argue or about the history. i think we are past that. my goal for behing here is to honor the dead nand listen to the living and do what i can to ensure this does not happen aga
MSNBC
Dec 4, 2012 2:00pm PST
we're talking about a possible fiscal cliff. we're not off the cliff. >> right. >> if it's january 2nd or 3rd and the stock market is going down by a couple thousand worlds around the world. the japanese markets, european countries, countries in europe which are precarious are in bigger trouble. the whole thing is going wacky, one guy is going to be standing in the middle of the storm, not grover norquist or some republican but the president of the united states who has to weather the storm and point the finger across the aisle to someone nobody else in the world knows. speaker boehner, will you solve this problem. i think times change. >> the economically the biggest risk is the sequestration. it's not the tax cuts going into effect. and -- >> you mean the millions of dollars -- >> the cuts that will be forced through in the next two years. that's a much bigger risk to the economy. >> therefore? >> therefore, if the president lets this thing -- look, the markets have already priced this in. >> i hear the opposite. i hear that they believe that grown-ups will do the job when they hav
FOX Business
Nov 29, 2012 9:20am EST
as part of a fiscal cliff deal. it's on the table. okay? we're talking about that coming up at the top of the hour, one of our new at 10 stories. all right, back to nicole, research in motion, all right, all over the place these days, but today they're up and i want to know why. >> a buy rating for goldman sachs equals up arrow and this is as simple as wall street gets. you've got positive comments right now on blackberry, for research in motion and the blackberry 10 coming out on january 30th, goldman sachs is saying that the first time in three years the street's estimates are just too low for forth coming device and the risk rewards looks really good here and it depends if this device is a good one and that's why you see, and the price target, they have a new price target, stuart, $16 up from $9 and they see upside potential. stuart: we'll see, and i have your seven early movers for you, the women's apparel maker cold water creek took in more than expected and that stock is up. oh, 11%. disappointing profits from lazy boy and semtech is up big. and aeropostale on the holiday season,
FOX Business
Dec 4, 2012 1:00pm EST
another meeting. today president obama meeting with governors on the fiscal cliff talks so what is really going on behind the scenes? well, i will tell you what, we'll ask governor gary herbert of utah. he actually met with the president so we'll get a first-hand account. tracy: yeah, that will be interesting. is red tape standing in the way of a housing recovery? will foreclosures bog down in court proceedings? our very own judge napolitano is here to give us the scoop on that. ashley: plus, say it ain't so. the bubbly is losing its physician. the champagne industry suffering from a hangover from europe's economic woes. there hasn't been a lot of celebrating across the pond lately. we'll have more. tracy: i wonder if europe is drinking wine instead? ashley: they're drinking something. they will never give that up. tracy: they do it in church, heck. all right, top of the hour, time for stocks as we do every 15 minutes. we head down to nicole petallides on the floor of the new york stock exchange. girl, we are, as ashley said, drifting and it is all because of washington, isn't it? >> ther
CNN
Nov 29, 2012 1:00pm PST
: as the country fast approaches the fiscal cliff, the two sides are talking past each other. democrats say they've laid down their marker hiking tax rates on wealthier americans. and it's up to republicans to propose specific spending cuts they want to entitlement programs. however, republicans say they've offered a concession putting revenue on the table. and they say it's now up to the president and his fellow democrats to feel some pain and propose cuts in medicare and medicaid. confu confusing? we asked senate majority leader harry reid. where's the disconnect? >> i don't understand his brain. so you should ask him, okay. >> from capitol hill to the white house, democrats say the major hurdle remains, the tax issue, whether republicans will agree not just to revenue but to raising tax rates. republicans as you will not be surprised have made clear so far that is a no-go. so what's next? well, a top republican aide told me they look forward to hearing from the white house. a top democratic aide saying, our door is open. read that, wolf, as a standstill. >> they've waited a few weeks before a
CSPAN
Dec 3, 2012 5:00pm EST
and the fiscal cliff. everyone talks about taxes and what is going to happen with the fiscal cliff. there has been $1500 gone to increase oil prices. you can get them that tax cut today if you invested in our report. everybody talks about entitlements. high oil prices make the social security trust insolvent five years sooner than they would if he did not have high oil prices. america needs jobs and growth. following the recommendations in our report will lead to both of those. it would be good for american business. >> i will start with senator alexander. tell me about energy policy and where it fits in with the fiscal cliff. what we will spend money on and how we were tightened our belts. >> the major place it fits is the right policy would create an environment which would produce a lot more revenue. that would help to reduce the debt. the federal government doesn't spend much money on energy. energy research is about $6 billion a year. i would like to see it doubled. this report is a blueprint for independence and i think it is the right blueprint. we are not in a position to be held host
CSPAN
Dec 3, 2012 8:00pm EST
are mired in conversations about a fiscal cliff on the very right now. we're talking about long-term infrastructure build-out, a long-term energy plan. what role should c.e.o.'s have and the federal government have in making sure this gets done? >> this is the perfect opportunity for the federal government and for state governments to work together to achieve a common goal, right? there's plenty of times where, when we run a business, our interests might not coalesce with the interests of either of the parties. as fred said, this is the opportunity that we have never had in this country before, where you can have consumer, the business and the governments all working together to take advantage of this huge resource, if you want to call it saudi america. from a waste management perspective, for us it makes so much sense, because it makes business sense. we get about $1.65 equivalent with natural gas and $4.10 diesel, so it makes great sense for our business. from a government point of view everybody today is talking about jobs and the fiscal cliff. our recommendations in the repo
CNN
Nov 29, 2012 9:00am PST
at the white house at an interesting time. not only are the fiscal cliff talks going on, which mitt romney might have some input on that, but suzanne, as you well know, what is also happening right now, they are getting prepared for the inauguration just outside the grounds of the white house. they're putting up the bleachers for what's happening on january 21st. probably a bittersweet moment for mitt romney as well on that front. >> yeah. that's probably true. let us know what they're serve and if there's anything that comes out of their discussions today. thanks, jim. good to see you, as always. >>> palestinians, they want their own state, of course, and a vote by the u.n. today could actually put them one step closer to getting it. there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use less gel. and with androgel 1.62%, you can save on your monthly prescription. [ male announc
CSPAN
Dec 4, 2012 8:00pm EST
have been a policy areas of the fiscal cliff talks. today the alternative minimum tax. hope i said that a. >> guest: something that was passed in the 1960s to animate a small group of high income individuals that were not paying any taxes. it did not have an inflation adjustment, so now the group has grown enormously and we assume in a budgeting sense the way we budget that this revenue will come in. it's not going to comment because if we allow the text if you can look at tens of millions of america. so we fixed it. i would hope in the next year we could have a permanent fix to get it out of the budgetary budget. same thing with what is called sgr, sustainable growth with medicare and medicaid. we patched these things over. let's figure out a way to get it out of the budgeting process so numbers can be something they can project forward realistically. >> host: is this a big deal? >> guest: it is. if we were to not get it then it would be a big deal. we raise taxes on millions of americans overnight. this is one of those things they don't take about because we never let it happen.
KRON
Dec 3, 2012 4:00am PST
of the firefighters needed surgery. >> this morning both sides of the fiscal cliff talks seem far apart. there is some optimism about coming to a short-term deal. the president wants to in the bush era tax cut people making more than a quarter of a million dollars per year. with out a deal the average middle-class family could pay about $2,000 per year more in taxes. for house speaker blames the stalemate on the above ministration. he says they are not taking republicans seriously with the plans to close loopholes and limit deductions without raising taxes. >> i realize that the president may disagree. the fact is there is a another way to get revenue from upper-income americans that does not hurt our economy why would we not consider it. >> we think it would be a wonderful christmas gift to the american people to have a tax cut come january. and we want them to tell the american people why not if they would not do it. >> we are optimistic. >> the democratic controlled senate has already voted to extend the bush cuts for incomes under $250,000 and letting the others expire. moody's analytics is predic
CSPAN
Dec 4, 2012 5:00pm EST
critical in the fiscal cliff discussion is we are talking about the patch for the 2012 tax year. unlike the rest of the fiscal cliff, which affects tax rates that will play next year, the patch applies to the return that we will all have to file early next year. so if there is not congressional action here, there is an abrupt increase in tax on the 2012 taxable year in 20 of 11 approximately 4 million people paid the amt. if there's not a patch, 30 million people will be required to pay the amt in 2012 for the current taxable year and they will pay an additional $90 billion in tax. very few of them have any idea. >> host: is the irs prepared? >> guest: the irs took a fairly unusual -- but i think correct position. they took the position that congress will do the responsible name. so they did their tax program for next year, for the 2012 return, assuming congress would enact the patch before the end. i think that was a reasonable thing to do because i believe they will do that. however, it does mean if there is not a patch, the tax return idling season next year would be quite chaotic. >
MSNBC
Nov 28, 2012 7:00pm PST
reading other stuff. this is wicked boring. >> i bet the president will talk to him about the fiscal cliff and they'll talk about entitlement reform and maybe tax reform. but the one thing i don't think the president will do because the president is a gentleman, you know, what was up with the 47% and gifts? i gave gifts to people? he's not going to go there with mitt romney. one, as i said because he's gentleman, but two, he doesn't have to because mitt romney is coming there not as president of the united states, but guest of. and that's the best -- >> i now have a solid preduction. he will not once say the word yo. >> that was my own -- >> your artistic representation. >> richard, what i think, the only thing i'd find great about it is watching obama, the actor. as we just saw, oh, i thought he did a terrific job at the olympics, i loved watching that stream of i'm not sure what you call it, but it's acting. it's not coming from the heart. >> he does it very sincerely and look, we may never know what happens inside those quiet rooms that they're going to be having their meeting in, but h
MSNBC
Dec 3, 2012 8:00am PST
because for the next three weeks they will say we can afford to go off the fiscal cliff. >> when we talk about that let's show what grover norquist had to say. he's the anti-tax pledge crusader. this is what he had to say yesterday. >> tea party two will dwarf tea party one if obama pushes us off the cliff. >> that's like say anaconda two will dwarf anaconda one. the sequel will be more intense. a poll find out last week that they found a majority of americans will blame the republicans in congress not the president for failure to make the deal. as we hear what grover says you see at any time other way. you say it will be the democrats. >> it could be. depending on what happens. if they keep posturing we can go off the fiscal cliff it won't be such a big deal i don't think that's where most democrats will end up. you they are president and a lot of people down in washington saying they don't want to go off the fiscal cliff. as far as grover norquist notices, i don't think republicans should be caving to a special interest of one, frankly. we do see some brave republicans coming out there
FOX News
Nov 29, 2012 8:00am PST
the scenes of the talks to avoid the fiscal cliff. it seems the framework for a deal actually might be taking shape. if so, what will it look like? david drucker has been nosing around a little bit. the associate politics editor at "roll call." when you hear senators and speaker of the house come out and talk it doesn't sound like they're all that close, david. are you optimistic? >> well i'm sort of on the fence here, jon. whenever you hear members of congress talk about any kind of fiscal cliff deal you have to approach it with a sort of believe everything and believe nothing attitude. i think that everybody wants to avoid having taxes go up for all americans as of january 1st but everybody has a price for that. and it, to me, it's about whether or not both sides are looking for a win-win deal, meaning, my opponent wins and i win. or whether both sides or one of the sides are looking for a deal where only i win and you lose and on top of all of that then we have to look at what do they want to include in any sort of deal? are we going to address entitlement reform? are we going to cut spend
MSNBC
Dec 1, 2012 9:00am PST
@alexwit. >>> apparent progress in the so-called fiscal cliff talks. it appears both sides may be digging in their heels. nbc's mike viqueira joins me from the white house with the very latest. if there's anything new to report. seems like everyone is in their own separate corners, mike. >> reporter: it's no longer november. this is december 1st. it's a new month, the last month before we go over the fiscal cliff. now both sides after a lot of bipartisan talk of compromise in that post-election period, alex, it turns out what we have now a typical washington standoff. >> the president of the united states. >> reporter: visiting a toy factory outside philadelphia, the president urged congress to act and avoid the fiscal cliff. if not, he says, taxes go up for everyone, including the middle class. >> it's sort of like the lump of coal you get for christmas. that's a scrooge christmas. >> reporter: with the election over the president has begun a new kind of campaign, for votes in congress. a series of white house meetings with business leaders, a grassroots effort on twitter, and friday's t
FOX News
Dec 3, 2012 3:00am PST
at the condition dee center. let's talk about this, the end of this month, that's thinking fiscal cliff we've been talking about. and yesterday on the chat shows, it was very clear both sides are at logger heads. this on the news that at the conclusion of last week, the president's team unveiled something that was so, according to the republicans, unserious, it flabbergasted the speaker of the house, john boehner. though tim geithner went out yesterday and said, that plan that we're pushing? it's a good one. here he is. >> we think that's a very good set of proposals. we think that's what's good fort economy. if they've got different suggestions, they want to go further in some areas, they should lay it out to us. >> i think we're going over the cliff. it's pretty clear to me they've made a political calculation. this offer doesn't remotely deal with entitlement reform in a we to save medicare and medicaid and social security from imminent bankruptcy. it raises $1.6 trillion on job creators that will destroy the economy and there are no spending controls. i'm serious about revenue. you can limit d
FOX News
Nov 30, 2012 8:00am PST
to talk about a fiscal cliff as well. so we're going to listen in to what he has to say potentially about these negotiations. [cheers and applause] >> i want to thank michael erickson, robert glickman and the inventer of kinects, joel glickman, for hosting me today and giving me a great tour. where'd they go? stand up, stand up so everybody can see you guys. there they are. [cheers and applause] i just noticed we've got a couple outstanding members of congress here. we've got allyson schwartz. now, i just finished getting a tour of the kinects workshop. i have to say, it makes me wish that joel had invented this stuff a little sooner when i was a kid. back then you couldn't really build a roller coaster out of your erector set. and i also got a chance to meet some of the folks who have been working around the clock to keep up with the christmas rush, and that's a good thing. you know, these guys are santa's extra elves here. they manufacture almost 3,000 kinects pieces every minute, and every box that ends up on store shelves in 30 countries is stamped "made in america." and that's someth
CSPAN
Nov 28, 2012 8:00pm EST
boehner and house republican leaders talk about fiscal cliff negotiations. he says he is optimistic a deal can be reached with the president. >> morning, everyone. going over the fiscal cliff will hurt our economy and will her job creation in our country. republicans are committed to continuing to work with the president to come to an agreement to avert the so-called fiscal clef. one reason why we believe that we put revenue on the table as long as it is accompanied by serious spending cuts to avert a crisis. we believe this is the president's request for a balanced approach to this issue, and we are going to continue to work with the president to try to resolve this in a way that is fair for the american people. we all now that we have had the spending crisis coming at us like a freight train. it has to be dealt with. in order to try to come to an agreement, republicans are willing to put revenue on the table. it is time for the president and democrats to get serious about the spending problem our country has. i am optimistic. we can continue to work together to avert this crisis, sooner
CSPAN
Dec 4, 2012 8:00pm EST
in the fiscal cliff discussion, is we are talking about the past for the 2012 taxable year. -- unlike the rest of the fiscal cliff which effects rates that will apply next year. the patch applies for returns we file early next year. if there is no congressional action, there is an abrupt increase in tax on the 2012 taxable year. in 2011, approximately 4 million people paid the amt. if there is not a patch, 30 million people will be required to pay the amt in 2012, and they will pay an additional $90 billion in tax. very few of them have any idea this is on the table. host: is the irs prepared? guest: the irs is fairly unusual, but in a correct position, that congress will do the responsible thing -- they took the position that congress will do the responsible thing. they assumed congress will enact a package before the end of the year, and i think that was the reasonable thing to do because i believe they will do that. however, it does mean if there is not a patch of the tax return filing season next year will be quite chaotic. >> you can see all of that interview at c-span.org. we are live at
CSPAN
Nov 29, 2012 8:00pm EST
is for them to say let's do this. people are talking about the fiscal cliff on january 16789 businesses have to start making decisions now projecting the environment they will be in on january 1. let's give those businesses the service, what they deserve and their employees bypassing this middle class income tax cut now. >> i'd just like to add that the chairman and assistant leader part pants in any number of these budget discussions, that, that or the other one. there were several of them. when they went to that table as representatives of the house democrats, they had no instruction except to reach agreement. they shared the values of our caucus but the over riding value was we had to get the job done for the american people. the only thing i said i wanted to see was jobs and economic growth would be at the centerpiece of the discussions and then whatever decisions we would make about investments or cutting them revenue or raising them would center around how we create jobs. that is the way we are going to reduce the deficit by creating jobs. and every step of the way, every time we came
MSNBC
Dec 4, 2012 3:00pm PST
.com/pricerewind. >>> today in his first interview since winning re-election, president obama talked about the fiscal cliff standoff. he put his foot down on what is negotiable and what is not. >> we have to say the rates on the top 2% go up. and we're not going to get a deal without it. understand the reason for that. it's not me being stubborn. it's not me being partisan. it's just a matter of math. i'm happy to entertain other ideas the republicans may present, but we are not going to cut our way to prosperity or cut our way out of the deficit problem we have. >> so, are we on the verge of something big, something that could really change our politics? joining me now, senator barbara boxer, democrat from california and whip of the senate. thank you for being on the show. >> i love being on your show. thank you. >> if the gop agrees to tax increases, how important might that be in terms of showing they actually are capable of working with the president? >> you know, the way they raised the question, if they agree to tax increases, they claim they're willing to do these loop-hole closers but the differenc
Current
Nov 29, 2012 3:00am PST
we ought to be working on, talking about resolving is the fiscal cliff. it simply puts another dysfunctional fight between republicans in congress and the administration front page for them to nominate a new secretary of state and have her held up for weeks and weeks at a time when there's issues all over the world that demand a clear and strong secretary of state. to her qualifications, i'll say this. it is vital in negotiating with foreign heads of state in representing the united states around the world in crisis spots and in working with close allies that a secretary of state be known to have the full confidence of the president. that they be trusted and relied upon. she certainly does have that. a close relationship. >> bill: on the fiscal cliff what is going to happen. will we avoid going over the fiscal cliff? senator chris coons will tell us that when we come back here on the "full court press." nothing like pressure here. >> announcer: this is the "full court press." the "bill press show." live on your r
CNN
Dec 4, 2012 9:00am PST
you for that reporting from washington. >>> president obama talking about the fiscal cliff. in his first television interview since the election, that cliff, of course the combination of government spending cuts and tax increases that automatically go into effect on january 1st because people we elected to make a deal can't make a deal. yesterday, republicans proposed steep spending cuts but gave no ground on president obama's call to raise taxes on the wealthiest americans. here's what the president told bloomberg's white house correspondent about that. >> unfortunately the speaker's proposal right now is still out of balance. you know he talks, for example, about $800 billion worth of revenue but was he says he's going to do that by lowering rates. when you look at the platte it doesn't work. when i've said is, i am prepared to work with the speaker and democrats and republicans to go after excessive health care costs in our federal health care system, we're going to have to strengthen those systems and i think we can do that without hurting seniors, without hurting beneficiaries
Current
Nov 28, 2012 7:00pm PST
, too. you know, as the fiscal cliff discussion approaches in washington, there is a lot of talk about budget cutting. do you worry about in this era of austerity that less money is going to be spent on things, important things like worker safety? >> i think we should all be deeply worried about that, because the risk of spending less on safety is going to result in people being maimed, disfigured hurt, killed on the job, where it doesn't have to happen, the disaster at the upper big ben mine wasn't an accident. it was the result of a willful disregard of health and safety and a failure to enforce that effectively. in an era of budget cutting we risk repeating that. >> well, there were some other -- there was other news today out on the industrial front, which is we also learned that two b.p., british petroleum rig supervisors and former beep executive pleaded inning from charges stemming from the 2010 deep water horizon rig disaster. they claim their scapegoats for higher ups like former c.e.o. tony hayward. b.p. had fines on the civil side. do you think that they were being scapegoat
MSNBC
Dec 1, 2012 11:00am PST
'll talk about that. >>> plus, at the end of the day this fiscal cliff debate will come down to two men. the speaker of the house and the president of the united states dealing one-on-one. we will go behind closed doors and into the war room. you are watching msnbc, the place for politics. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ >>> we are watching a developing story in kansas city, missouri, right now. this is what police say appears to be a murder/suicide involving a 25-year-old nfl pla
MSNBC
Dec 4, 2012 6:00am PST
watching, how firms are acting differently ahead of the fiscal cliff. you have a lot of companies, over 110 now, that have talked about how they're going to be doing special dividends or increased dividends in the fourth quarter just in the last few weeks or a year because they want to make sure they bring the dividends from next year into this year. if we do go over the fiscal cliff, dividends will be taxed at more than 44% versus the 15% they're taxed at now. so companies are trying to find a way for shareholders to get in a little bit early no matter what happens with the fiscal cliff. >> all right. you know what, you can take the two plans, are split them down the middle. you sort of see the compromise. >> $1.2 trillion, exactly. by the way, you sound terrible. you're stuffed up. take care of your cold. >> thank you. up next, the deep dive into the latest election tally and what we know now about both parties. >>> the results of the 2012 election still aren't official. that won't happen until electors meet to cast and certify their vote. take a deep dive into some of the more interestin
CSPAN
Dec 3, 2012 2:55pm EST
and the white house. house republican leaders have made a counter offer to president obama in the fiscal cliff negotiations proposing to cut to true knowledge with a combination of spending cuts come entitlement reform, and new tax revenues. there was a three page letter signed by speaker boehner, majority leader eric cantor, and other senior republicans including representative paul ryan. and this mornings "washington journal," we heard about tax reductions and credits that would go away if the fiscal cliff passes in january. >> board or series looking into the so-called fiscal cliff, we turn our attention to deductions and tax loopholes. some of them are potentially on the chopping block. joining us from the wall street journal is don mckinnon. thanks so much for joining us today. what are the loopholes and deductions? we hear those words a lot, but what are they? guest: loopholes or tax breaks of all different sorts, and whether you like a particular loophole or not depends on where you sit, i guess. there are lots of loopholes that are deductions. deductions are those that most people are
Current
Dec 5, 2012 5:00pm PST
that people don't even know what the fiscal cliff is. it shrinks rather than expands it. you don't spend. anti-keynesian has become the same politician involved in marriage and-- >> eliot: i distinguish between the two, the theological strand of the party is more of the social, same-sex marriage. >> i don't think there is as much distinction as you think there is. >> eliot: the second category, the tea part i began as economic empowerment. you're right. folks who say get government out of medicare, there is no logic to what they're saying. do youdo you buy it, but boehner is trying to harness and hold together that is fraught with inconsistencies. >> well, first of all i agree with sam. i think-- >> eliot: am i outvoted? i'm not sure that i like this. >> it's a distinction without a difference in the first two groups, and i don't think there is a third group left not with any power. do i think boehner is trying to rein in his caucus by sending a couple of rookie pitchers down to aa? if john boehner wanted control of his caucus he could discipline paul ryan whose crazy economic inside are ideas
MSNBC
Dec 4, 2012 8:00pm PST
tonight. >>> can both parties reach an agreement ones fiscal cliff? 40% of you say yes, 60% say no. >>> coming up, this could be one of the dumbest votes the republicans have ever cast in the history of the senate. we'll talk about the big win and the emotional reaction from moderates. that's next. suddenly, she does something unexpected and you see the woman you fell in love with. she's everything to you. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or
MSNBC
Dec 5, 2012 12:00am PST
't in the cards. dog gone it. i'm going to sign up tonight. >>> can both parties reach an agreement ones fiscal cliff? 40% of you say yes, 60% say no. >>> coming up, this could be one of the dumbest votes the republicans have ever cast in the history of the senate. we'll talk about the big win and the emotional reaction from moderates. that's next. what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate or breast cancer. serious side effects could include increased risk of prostate cancer; worsening
CSPAN
Dec 4, 2012 11:00pm EST
for 2012 i'd like the rest of the fiscal cliff the effects next year the patch applies to the return we will have to file for next year. if there is not congressional action this is the abrupt increase of taxes of the 2012 taxes in 2011 approximately 4 million people if there is not a patch 30 million people will be required to pay in 2012 for the current taxable year very few have any idea this is on the table. >>host: is the ira's prepared? >>guest: datuk a fairly prepared unusual but correct position that congress do the responsible thing. they did their tax programming for the 2012 return assuming congress would enact a patch. i think that was reasonable because i believe they will but it does mean if there is not a patch the tax return filing season will be the opposite. >>host: we are welcoming representative cole house speaker john boehner sens the proposal what do you think? >> it is a great opening start makes sarid tangible what the speaker committed to it after the election to the revenue on the table not how much or what way with that is inner misstep by the republicans not
FOX
Dec 3, 2012 7:00am PST
the fiscal cliff. the ball, timothy geithner's comments -- >> i i was -- i was flabbergasted. i said you can't be serious. >> if congress fails to act by the end year, tax rates will go up for everyone and across the board spending tax. >>> a new legislative session will start today. democrat are allowed to raise taxes with little fear of republican opposition. but leaders say they are gonna avoid doing that since voters just passed prop 30. republicans, as well as governor brown, will be watching. >>> this month, the state is going to pay public schools and community colleges, the 1.9 billion it owes them. it is money that should have been paid out for over the summer but it was deferred until january. >> now, thanks to proposition 30, the state won't have to wait until then and then the schools will get another payment. >>> students in five states will be spending more time in school. select schools in colorado, connecticut, massachusetts, new york and tennessee, are scheduled to announce today, they are adding 300 hours of class time to the calendar. officials have not said whether they p
FOX News
Dec 2, 2012 3:00am PST
're weeks away from going over that fiscal cliff. who does the president blame? republicans. >> it's unacceptable for some republicans of congress to hold middle class tax cuts hostage simply because they refuse to let the tax rates go up on the wealthiest americans? >> where is the compromise this morning? we'll see if we can find it. >> and he gave the homeless man a fair boost on a freezing evening. now, the officers think the act of kindness keeps getting better and updates on that heart warming story. >> plus, 'tis the season to steal. thieves may be lurking around your doorstep, tips how to protect your presents straight ahead. i've been worried about that. >> alisyn: don't leave them on your doorstep for one. >> clayton: wrap them and leave them on your doorstep. "fox & friends" hour two starts right now. ♪ >> a lot of e-mails, pouring in about tipping. and holiday tipping. good morning, thank you for joining us. she says, lo, we compost, no good scraps and take the recycling to the recycling center, i feel like i should be tip. >> dave: i don't know my garbage man works
CSPAN
Nov 30, 2012 12:00pm EST
with all the frenzy about the fiscal cliff that we have a history and some of that history is successful in resolving the deep seated choices within the budgeting. that is what we are going to look back and talk about today and see whether we can learn any lessons from that experience. we will go over the detailed program and a few minutes but i want first to introduce our keynote speaker tom davis many of you know and most of you know tom. thomas somebody i call a academic. he's covered many bases and was the county executive for fairfax county. he was the representative to washington from fairfax to the congress and became the chairman of the house government operations committee with many important hearings and covered many issues and he remains very active as a speaker and policy observer and he's also on our faculty where he teaches the course on southern politics very popular lecture and faculty member so i'm pleased to have, as a colleague. tom is going to kick it off and then come back and talk about the detailed program and get started. >> paul, thank you very hatch. he left of
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